Jay Patel Genzyme’s CSR Dilemma: How to play its HAND 07-13-2015 Due: Thursday, 16th, 2015 BACKGROUND ABOUT THE COMPANY. Genzyme is an American Biotechnology party based in Cambridge, Massachusetts. Genzyme is third biggest biotechnology company with over 10,000 employees around the globe. it is located within over 65 countries. Genzyme has over revenues over $4.6 billion. Fun fact about the company I found was they had donated almost $100 million in 2006. The case talks about HAND which means find effective drugs for neglected diseases. 1. After completing his analysis of three major HAND Initiatives, What should Jim Geraghty recommend to Henri Termeer, and how can he support his recommendation? This would fall into Transformative theory. A HAND in this case is humanitarian show commitment to patient’s loose profits and find an effective drug for ignored diseases. Some of the things I think that Geraghty can recommend to Henri Would are to improve on each other following area. Malaria, Tuberculosis, and sleeping …show more content…
To alter the geographic region this needs the most help out of all the places. They should also do a research to see appropriate and trustful partners. They should also manage numerous affairs and associates. The resources that should be allocated would be the appropriate fund money, also a need of brilliant scientist who could lead the program into the right direction and would be beneficial to the resources for the company. Also keep a harmony between global need. Some of the partnering approaches that could be taken are keep a straight forward agenda, strong companions that would be committed to the change, available for funding, additional capabilities, and innovative ideas. This would be some of the partnering approach genzyme I think could take to lead this into a right
1. What were the costs and benefits to stakeholders of the actions taken by Massey Energy and its managers?
Lawrence, Anne (2010). Business and Society: Stakeholders, Ethics, Public Policy. 13th Edition. McGraw-Hill Learning Solutions, 2010. VitalBook file. Bookshelf.
Nurses are faced with ethical dilemmas every day. There are a lot of different beliefs surrounding ethics and the code of ethics. Ethics and ethical issues have always existed, that is why they have put in place the code of ethics. The American Nursing Association (ANA) Code of Ethics isa guideline to help nurses determine which course of action to pursue. Every minute many ethical decisions are made, some may not comply with guidelines and others the patient’s will never understand. In this case study the nurse is put in an uncomfortable position and has two find a way to comply with the family, the patient, and the doctor’s orders.How can she report to the doctor the information the daughter has told her? How she approached
3. What are the demographics of the location and are they feasible to support such a company?
Creating and defining my own ethical framework is essential in future success as a businessman, a leader, and a team player. As a business student, I have learned that it can be a very cut throat industry and in order to get ahead, at some point and ethical dilemma will undoubtedly be an obstacle I have to overcome. The way I handle these dilemmas can make or break my career; business ethics are a key part of earning and sustaining respect, trust, and a good rapport with both clients and competitors in your industry. Therefore a solid ethical framework is an important tool for me to have as a standard for handling these types of dilemmas so that I can grow successfully while staying true to myself and to
Different organizations are driven by specific sets of code of ethics, which are used to protect many different aspect of the organizations, specifically the client, counselor, and organization. Concerning the standards of a counselor, their ethics are not only provided by the laws of the state or their practice, but also outside sources who present basic values and regulations of ethical standards in their code of ethics. This paper will look at two specific associations: the American Counseling Association (ACA) and the American Association
An ethical dilemma is an incident that causes us to question how we should react based on our beliefs. A decision needs to be made between right and wrong. I have experienced many ethical dilemmas in my lifetime, so I know that there is no such thing as an ethical dilemma that only affects one person. I also know that some ethical dilemmas are easier to resolve than others are. The easy ones are the ones in which we can make decisions on the spot. For example, if a cashier gives me too much change, I can immediately make a decision to either return the money or keep it. Based on Kant’s, categorical imperative there are two criteria for determining moral right and wrong. First, there is universalizability, which states, “the person’s
The Competing Values Competency Questionnaire is a tool to help you assess your development as a managerial leader with respect to the four quadrants of the competing values framework.*
The Daniel Gill, the chairman and CEO faces the possibility of changing the organizational structure of Europe, Asia/Pacific, and the Western Hemisphere. The current organization includes an International Division which oversees production and marketing for countries outside the United States. The goal of changing the organizational structure of these three regions is to increase sales growth internationally and decentralize responsibility away from headquarters to field operations.
company was one of the first to develop recombinant proteins using genetic technology. Two of its
Bionym. Founded in 2011, Bionym is a Toronto based company that designs and manufactures smart wearable device. Before the company was officially registered, its CEO Karl Martin spent six years in laboratory studying biometrics, cryptography, and security systems. Currently, Bionym has 30 employees working in six departments: Executive department, Marketing and design department, Business development department, Engineering and product management department, Hardware and manufacturing department and Finance and operations management department.
A code of ethics is a set of written principles regarding conduct and behavior created by the organization to serve as a guide. The purpose of ethical codes is to give its employees, management, and any interested party a reference point that adheres to company policy, standards, and ethical beliefs. The code is made visible to the public to ensure professional integrity, quality, and to prevent misguided conduct. Regardless of the organization or governing body a code serves as a go-to guide because ethical issues can stem from anywhere at any given time. The Code of Ethics for Nurses is so dynamic because as technology changes, so does the code to ensure that updated knowledge is provided to healthcare workers as they address new ethical
This is a persuasive paper defining various business terms like corporate social responsibility and equal distribution of wealth. The thesis statement does state that the CSR programs are applied in various developed organizations to set an example for small and rising enterprises whereas the anti thesis statement is that there are no moral obligations felt by businesses to be involved in CSR. The financial aspect of CSR activities is also discussed; at times it is thought that involvement of business in any environmental friendly work may lead to higher costs whereas an opposite point of view is that CSR increases long run profit (Aras & Crowther, 2009). Now day’s Triple bottom line concept is aligned with business which is another
All employees (including the company executives) should be guided by moral principles and ethical values when making decisions (Balc & Simionescu, 2012). The ability of executives to make ethical decisions can be influenced by their cognitive bias (Zeni, Buckley, Mumford & Griffith, 2015). Utilitarianism is one of the frameworks that can be used to address ethical dilemmas. Utilitarianism holds that decision makers should take alternatives that maximize the happiness of the majority of the stakeholders (Choe & Min, 2011 and Marques, 2015). This presentation will discuss how the 8-step ethical decision making process can be applied when addressing a dilemma using the utilitarianism framework. The presentation will also guide the executives of Toyota on how to address the negative publicity associated with the production of cars with faulty acceleration system.
Everyday we are tested as individuals to make the right choice. How we view ourselves as individuals and how others view us are directly correlated to our moral decision-making. But morals are somewhat misleading. What might be a wrong decision for one person might be a solution to another. So how do we define morals? Do we follow Gods’ moral rules because to do so would increase out likelihood of obtaining salvation in the afterlife? Or is it simpler than that. Is God going to deny our entrance into heaven because we have run a stop sign here and there? No. I believe our moral values are much simpler than that. I believe that our moral decision-making comes from our upbringing of what is right or wrong. Our parents and